“Bitcoin retreated for the first time in three days as traders begin to reduce their exposure amid this year’s record-breaking rally coming to an end.”, — write: epravda.com.ua
Bitcoin retreated for the first time in three days as traders begin to reduce their exposure amid this year’s record-breaking rally coming to an end. Bloomberg writes about it. The oldest cryptocurrency fell 3.4% to $95,110. It reached a record mark of more than 108,000 dollars on December 17. The broader cryptocurrency index, which includes smaller tokens including Etherium, Solana and meme coin Dogecoin, was down about 3.5%. MicroStrategy Inc. announced plans to expand its Bitcoin buying program. The firm owns more than $40 billion worth of bitcoin, making it the largest corporate owner of the publicly traded cryptocurrency.Advertisement: Bitcoin is up about 130% this year, outperforming traditional investments like global stocks and gold. To recap: Bitcoin extended its slide from this week’s record high to nearly 15% as hawkish signals from the Federal Reserve prompted traders to sell the asset, which has more than doubled this year.